It looks like multiple high level executives at Walt Disney World were laid off late last week. According to multiple sources, the parks and resorts are going through a restructuring that has seen some salaried managers and other high level executives lose their jobs. We’re told that the majority of the executives that lost their jobs were considered to be financial bloat, perhaps not retiring as quickly as Disney would have liked. Sources indicated that this wasn’t a massive layoff of all positions like what was seen in 2009, but rather a way for Disney to force retirement on executives who were either preventing lower level managers from moving up, or those whose salary was considered non-essential financial bloat.
It appears that frontline and hourly Cast Members aren’t part of the recent round of layoffs. The layoffs affect multiple resorts around property and may even spread to the parks as well. The layoffs come two weeks before the end of Disney’s fiscal year, which ends September 30th.